Apsil moves into China property via RTO deal

Singapore

CATALIST-LISTED funeral services provider Asia-Pacific Strategic Investments Ltd (Apsil) on Thursday announced it is moving into China real estate in a deal which it described as a "very substantial acquisition" or a "reverse takeover".

Along with this, Apsil has also proposed a share subscription by tycoon Oei Hong Leong, who will end up as a new substantial shareholder.